We Have Nothing To Hide In 2021 Budget – President Buhari

President Muhammadu Buhari speaks during the registration and revalidation exercise of the All Progressives Congress on January 30, 2021.
President Muhammadu Buhari speaks during the registration and revalidation exercise of the All Progressives Congress on January 30, 2021.

 

President Muhammadu Buhari on Saturday said his administration will be transparent and open with the implementation of the 2021 budget.

Speaking to newsmen in Daura, after the registration and revalidation exercise of the All Progressives Congress, the President said the budget aptly captured some of the visions of the administration, and all efforts will be poured in to ensure effective implementation.

“We have directed all the Ministries, Departments and Agencies to follow what is in the budget so that we can get the National Assembly to easily support the next budget,” the President said, as quoted in a statement by spokesman Garba Shehu. “We can tell them what we have received, and how it was spent.

“We are always ready to make the balance sheet available for all Nigerians and the National Assembly. We have nothing to hide.’’

READ ALSO: Buhari Gets New Aide-De-Camp

President Buhari added that his administration had given more attention to agriculture in order to diversify and strengthen the economy.

“We are still grateful to Morocco for the support they gave us in producing fertilizer in the country. We have 42 companies producing fertiliser in six geopolitical zones.’’

The President’s registration exercise in Daura was attended by the Senate President, Ahmad Lawan, former Senate President, Ken Nnamani, ten governors, including the Governor of Yobe State, Mai Mala Buni, who is the Chairman of the APC Caretaker Committee, and other party stalwarts.

 

Sale Of Assets Is Not New, Lawmaker Defends Plans To Fund 2021 Budget

File photo: Hon. Oluwole Oke, member of the House of Representatives representing Oriade/Obokun Federal Constituency of Osun State.

 

Honourable Wole Oke has defended the Federal Government’s plans to sell some national assets to fund the 2021 budget, arguing that it is not a new development. 

“The issue of the sale of assets is not new. Even in the previous budgets, there have always been other sources of revenue and the sales of assets is one of such,” the member representing Oriade/Obokun in Osun State explained on Channels Television’s Politics Today on Monday. 

READ ALSO: [2021 Budget] SERAP Asks NASS To Stop Buhari From Selling Govt Properties

He argued that some of the national assets that are being planned for sale to fund the budget are already liabilities, noting that it is better for these assets to be run by private individuals instead of the government. 

“But the critical issue we need to look at, is ‘What assets are we selling?’ Some assets are already liabilities, so what are we keeping them for? That is my humble opinion,” the lawmaker added. 

“You have to tell us which assets we are looking at. It is a common saying, which I also believe in, that the government is a bad manager.”

While buttressing his point, he said a look at the various sectors of the Nigerian economy indicates that the government cannot run businesses effectively. 

“Which business has the government ran and ran it very well?” he asked, stating that national assets that are idle need to be deployed productively by the Federal Government. 

He said that apart from the government being a bad business manager, Section 16 of the Nigerian constitution backs the Federal Government to deploy national assets when they are not performing well. 

Financing Deficit

President Muhammadu Buhari late last year signed the 2021 budget of N13.5trn into law after the National Assembly had passed the bill.

The 2021 Budget deficit (inclusive of Government-Owned Enterprises and project-tied loans), is projected at N5.20 trillion. This represents 3.64 percent of estimated GDP, slightly above the 3 percent threshold set by the Fiscal Responsibility Act, 2007

The Federal Government had equally said it is planning to sell off some national assets to fund the budget deficit.

“The deficit will be financed mainly by new borrowings totalling N4.28 trillion, N205.15 billion from Privatization Proceeds and N709.69 billion in drawdowns on multilateral and bilateral loans secured for specific projects and programmes,” Buhari had said during the presentation of the 2021 budget proposal to a joint session of the National Assembly in October.

 

2021 Budget: SERAP Asks NASS To Stop Buhari From Selling Govt Properties

 

The Socio-Economic Rights and Accountability Project (SERAP) has asked the National Assembly to stop President Muhammadu Buhari from selling government properties to fund the 2021 budget.

SERAP in a statement issued on Sunday by its deputy director, Kolawole Oluwadare, appealed to the Senate President, Ahmad Lawan, and the Speaker of House of Representatives, Femi Gbajabiamila to bar the President from carrying out such moves via a letter addressed on January 16.

The group wants the leadership of the National Assembly to “urgently review the 2021 appropriation legislation to stop the government of President Muhammadu Buhari from selling public properties to fund the 2021 budget, and to identify areas in the budget to cut such as salaries and allowances for members and the Presidency to make sayings to address the growing level of deficit and borrowing.”

“The National Assembly has a constitutional and oversight responsibility to protect valuable public properties and to ensure responsible budget spending. Allowing the government to sell public properties, and to enjoy almost absolute discretion to borrow to fund the 2021 budget would amount to a fundamental breach of constitutional and fiduciary duties.”

While warning that selling valuable public properties to fund the 2021 budget would be counter-productive, the group said “this would be vulnerable to corruption and mismanagement. It would undermine the social contract with Nigerians, leave the government worse off, and hurt the country in the long run. It is neither necessary nor in the public interest.”

READ ALSO: UNILAG Denies Charging ₦50,000 For Online Classes

The organisation also called for a change in the country’s fiscal situation through some combination of cuts in spending on salaries and allowances, and a freeze on spending in certain areas of the budget such as hardship and furniture allowances, entertainment allowances, international travels, and buying of motor vehicles and utilities for members and the Presidency.

On borrowing of loans, SERAP also asked the parliament “to stop approving loan requests by the Federal Government if it continues to fail to demonstrate transparency and accountability in the spending of the loans so far obtained.”

“We would consider the option of pursuing legal action to stop the Federal Government from selling public properties, and we may join the National Assembly in any such suit.

“The budget deficit and debt problems threaten Nigerians’ access to essential public goods and services and will hurt future generations. If not urgently addressed, the deficit and debt problems would seriously undermine access to public goods and services for the country’s poorest and most vulnerable people who continue to endure the grimmest of conditions.

“Our requests are brought in the public interest, and in keeping with the requirements of the Nigerian Constitution 1999 [as amended], the country’s international human rights obligations including under the International Covenant on Civil and Political Rights and the African Charter on Human and Peoples’ Rights. Nigeria has ratified both human rights treaties,” the statement added.

Buhari Signs 2021 Budget, Finance Bill Into Law

 

President Muhammadu Buhari on Thursday signed the 2021 budget and the finance bill into law at the Council Chambers of the State House in Abuja.

This comes ten days after both chambers of the National Assembly passed the N13.5trn budget and three days after it was transmitted to the President for assent.

President Buhari presented the proposed 2021 budget to the National Assembly on October 8.

The National Assembly, while approving the proposal on December 21, raised the estimate of N13.082 trillion to N13.588 trillion.

This was an increase of N505 billion from the proposed figures presented by the Buhari administration.

The budget signing is to ensure a January to December budget calendar.

President Muhammadu Buhari, flanked by Vice President Yemi Osinbajo (L) and Senate President Ahmed Lawan (R), signed the 2021 budget into law on December 31, 2020. Credit: Bayo Omoboriowo/State House
President Muhammadu Buhari, flanked by Vice President Yemi Osinbajo (L) and Senate President Ahmed Lawan (R), signed the 2021 budget into law on December 31, 2020. Credit: Bayo Omoboriowo/State House

 

It is tagged the budget of economic recovery and resilience and, according to the president, is critical for the legacy of this administration in ensuring security, economic growth, and implementing health and emergency measures to counter the spread of the COVID-19 pandemic.

The president also promised that the budget will address the challenges caused by the pandemic on the economy.

On revenue generation, President Buhari warned heads of revenue-generating agencies to remit early and threatened sanctions for defaulters.

Borrowing for Budget

President Buhari on Thursday announced that specific borrowing plans will be forwarded to the national assembly soon.

After the signing ceremony, Channels Television questioned the Senate President, Ahmed Lawan, on the use of over N3 trillion to service debts and his thoughts on more loan requests from the president.

In response, the Senate President and the Speaker of the House of Representatives, Fem Gbahabiamila, both urged Nigerians to focus on what the loans are used for.

They both stated that borrowing is a natural option when revenue is low and assured Nigerians that the National Assembly will ensure all monies borrowed must be used for the capital projects they are slated for.

Budget: NASS Will Ensure Judicious Use Of Loans – Lawan

Senate President, Ahmad Lawan briefs reporters in Abuja shortly after President Muhammadu Buhari signed the 2021 budget on December 31, 2020.

 

The Senate President, Ahmad Lawan has said that the National Assembly would ensure the judicious use of loans.

He disclosed this on Thursday at the State House in Abuja when asked about the Federal Government’s use of over ₦3 trillion from the 2020 budget to service debts and more loan requests from President Muhammadu Buhari.

While noting that borrowing is a natural option when revenue is low, the Senate President said the parliament would work with the executive to ensure that such funds were meant for the nation’s capital development for the benefits of Nigerians.

“Whatever request that will come to the National Assembly for borrowing, we must as a National Assembly ensure that such funds when borrowed will be applied on capital projects for the development of the country,” he said.

“I don’t want to jump the gun because the Minister of Finance will make the details available. We are yet to see what it is.

“I want to assure you that once it is in the interest of the people of Nigeria, the National Assembly will work on that. If, however, we have issues, we must apply such funds strictly for the capital development of our country.

Lawan’s remark comes shortly after President Buhari signed the 2021 budget and the finance bill into law at the Council Chambers of the State House in Abuja.

READ ALSO: Buhari Signs 2021 Budget, Finance Bill Into Law

Just ten days ago, both chambers of the National Assembly passed the N13.5trn budget, after which it was transmitted to the President for assent three days after.

President Buhari presented the proposed 2021 budget to the National Assembly on October 8.

The National Assembly, while approving the proposal on December 21, raised the estimate of N13.082 trillion to N13.588 trillion.

This was an increase of N505 billion from the proposed figures presented by the Buhari administration.

National Assembly Passes 2021 Budget, Raises It By N505bn

File photo of the 2021 budget during the presentation by President Muhammadu Buhari on October.

 

The National Assembly has passed the 2021 budget raising the proposed estimate of N13.082 trillion to N13.588 trillion. 

This is an increase of N505 billion from the proposed figures presented by the executive.

This budget was passed on Monday by both the Senate and the House of Representatives during their special plenary held mainly to pass the budget ahead of the Christmas and New Year break.

READ ALSO: SIM Deactivation: Large Crowd Invades NIMC Office In Lagos Amid COVID-19 Restrictions

The lawmakers are sticking to the $40 per barrel benchmark price of crude but asked President Buhari to send a supplementary budget because of the increase in oil price in the international market which is hovering between 47-50 dollars per barrel.

This supplementary budget is expected to fund critical areas in the country.

Key assumptions in the 2021 budget include:

Statutory transfer- N496.528 billion

Recurrent expenditure- N5.641 trillion

Capital expenditure- N4.125 trillion

Debt servicing- N3.324 trillion

GDP growth rate – 3.00%

President Muhammadu Buhari had submitted a N13.082 trillion budget to a joint session of the National Assembly on October 8th, 2020.

The 2021 budget is christened the budget of economic recovery and resilience aimed at accelerating the pace of Nigerian economic recovery, promote diversification, enhance competitiveness, and ensure social inclusion.

Senate Postpones Passage Of 2021 Budget

The Senate President, Ahmad Lawan (File Photo)

 

The Senate has postponed the consideration and passage of the 2021 Appropriation Bill to December 21.

Speaking at plenary on Wednesday, President of the Senate, Ahmad Lawan explained that the postponement is due to a late request for expenditure by the executive.

According to him, this is in keeping with the legislative agenda of the 9th Assembly to ensure that the budget maintains a January to December cycle.

Meanwhile, the Senate President has sworn in Dr Stephen Odey to represent Cross River north in the upper legislative chamber.

Read Also: Reps Ask NCC To Extend Deadline On Blocking SIM Cards Without NIN

Senator Odey replaces Senator Rose Oko, who died earlier this year.

The Senate President did not administer the oath of office on Mr Odey alongside other senators-elect on Tuesday because of a court injunction restraining him from swearing him in as his election is being disputed.

No explanation has yet been given for the decision of the senate president to administer the oath of office on Mr Odey.

Zamfara Governor Presents 2021 Budget To State Assembly

File Photo: Zamfara State Governor, Bello Matawalle

 

Zamfara State Governor, Bello Matawalle has presented a budget estimation of N145,438,751,000.00 to the State Assembly for the 2021 fiscal year.

The proposed budget for 2021 is 14.2% higher than the revised budget of the previous year.

The budget comprises N81,045,000,000.00 for capital expenditure while the sum of N64,393,751,000.00 is earmarked for recurrent expenditure.

The estimated revenue is budgeted at N77,151,251,000.00 for the recurrent revenue while the sum of N68,287,500,000.00 is estimated as capital revenue for the 2021 fiscal year.

Sectoral allocation of the capital expenditure consist of economic sector with N32,017,000,000.00, Social sector with N19,102,000,000.00, administration with N28,271,000,000.00, and Law and Justice with N1,655,000,000.00.

Reviewing the performance of the 2020 budget, Governor Bello Matawalle said that despite the covid-19 slow down in the budget performance, a lot of remarkable achievements were recorded.

He stated that the construction of an international cargo Airport has also reached an advanced stage. Other important milestones include the construction of several kilometers of both urban and rural roads and the construction of several health centers across the state.

Governor Matawalle promised to ensure that the 2021 budget consolidates on the gains of the 2020 budget with significant improvement to be recorded.

El-Rufai Signs N246bn Budget For 2021 Into Law

File Photo: Kaduna State Governor, Nasir El-Rufai.

 

The Kaduna State Governor, Nasir El-Rufai has signed the 2021 budget of N246 billion into law after passage by the state House of Assembly.

This is the fifth time that the Kaduna state government is passing its annual budget ahead of the financial year, thereby making it the first state in the country to achieve such.

The governor had on October 4, 2020, presented N237.52 billion as the 2021 budget estimate, with 66 percent of the budget devoted to capital expenditure to support the government’s commitments to education, health, infrastructure and agricultural development while 34 percent is devoted to recurrent expenditure.

However, after about two months of deliberation, the State House of Assembly increased the budget proposal to N246.billion.

Speaking during the signing of the budget at the executive council chamber of  Government House, Governor El-Rufai says 2021 will be used to fully to deliver on the government’s campaign promises to the electorate, having lost the greater part of 2020 to the coronavirus pandemic and other civil unrest that bedeviled the entire country.

He explained that the 2021 budget reflects the government’s commitment to promoting equal opportunity, accelerate human capital development, and attain fiscal viability.

The Governor noted that the budget estimate was taken into consideration the economic uncertainties unleashed by the pandemic, thereby assuring that the budget will be implemented to achieve the administration’s commitment to building human capital and infrastructure and promoting social welfare.

He thanked the State House of Assembly for the prompt passage of the budget, adding that government will ensure that funds are sourced for effective implementation of the budget.

Sanwo-Olu Presents N1,155trn 2021 Budget To Lagos Assembly

Lagos State Governor, Babajide Sanwo-Olu, presents the 2021 budget proposal to lawmakers at the legislative chamber of the Lagos State House of Assembly on November 10, 2020.

 

The Lagos State governor, Babajide Sanwo-Olu has presented a 2021 budget proposal of N1,155,022,413,005.82 to members of the State House of Assembly.

He made the presentation on Tuesday at the legislative chamber of the Assembly complex in Alausa. Ikeja.

Governor Sanwo-Olu is confident that the proposal, tagged Budget of Rekindled Hope, will provide employment for youths, improve the healthcare system, and provide better security for residents of the state.

He believes a progressive vision for 2021 remains clear and appeals to every resident to come onboard and work with him to take Lagos to the next level.

The governor also highlighted the efforts of the state government in rebuilding Lagos following the recent violence in the state.

He gave a breakdown of the figures of the budget estimates, as well as the achievement of the government in health, education, and other sectors of the economy.

 

In his remarks, the Speaker of the House, Mudashiru Obasa, assured the governor that the Assembly would perform its constitutional role in ensuring the passage of the budget.

He also appealed to residents to desist from destroying public properties and emphasise the need for community policing.

Read the full speech of the governor at the budget presentation below:

BEING THE TEXT OF AN ADDRESS DELIVERED BY HIS EXCELLENCY, MR BABAJIDE OLUSOLA SANWO-OLU, AT THE PRESENTATION OF THE YEAR 2021 BUDGET PROPOSALS, TO THE LAGOS STATE HOUSE OF ASSEMBLY, ON TUESDAY, 10TH NOVEMBER 2020.

PROTOCOLS

THE BUDGET OF REKINDLED HOPE

Mr Speaker,

It has been almost 18 months since I became the 15th Governor of Lagos State: while the last one and a half years have been consequential and memorable: today’s budget presentation provides an opportunity to enunciate our fiscal vision for the next one year while quantifying our challenges, triumphs and developmental achievements in the last 12 months.

In November 2019, I presented a Year 2020 comprehensive budget to this Honourable House in line with the policy thrust of my administration, which we christened The Budget of Awakening to a Greater Lagos.

I am here today to present the Year 2021 Appropriation Bill, which we have rightly christened the Budget of Rekindled Hope.

The year 2021 is one of Rekindled Hope in accordance with recent events of global and national proportions especially the coronavirus pandemic, the EndSARS protests, the general feeling of disenchantment in the polity, the socio-economic yearnings of Lagosians for good governance, and the stringent calls in all societal  spheres for a more representative democracy that speaks to the issues  of sovereign wealth, economic growth, consistent progress and equitable quality of life.

Mr Speaker, the 2021 Appropriation Bill encompasses the message of rekindled hope, the same message we have been disseminating to Lagosians since March when we experienced the first COVID-19 case and since October 11 when the ENDSARS protests first erupted in Lagos State.

More than ever before, our government remains committed to communal cohesiveness and inter-ethnic unity. We will resist every attempt to cause division among the numerous ethnic nationalities who call Lagos State home.

Lagos State remains a microcosm of the entire African continent and a melting pot for all Nigerians: nothing and no one can undermine our security, continued oneness, and our unrivalled dedication to the prosperity of our people.

This budget presentation reflects our desire to rebuild the trust of our people in this government even as we commit significant human and financial resources to the rebuilding of Lagos while doing all we can to move on from the looting, arson, destruction, and vandalism which we witnessed in this state barely three weeks ago.

Let me reiterate that this is the time for all of us to unite for a more prosperous Lagos State: this is the time to collectively optimise emerging opportunities in a rapidly changing globalised world.

We have audacious governance goals, which we cannot achieve without the concerted efforts of all our people – we should not allow the events of the past few months to obliterate our consistent cycles of socio-economic progress.

Let us begin to rebuild our state with determination and optimism, even as we advance the interests of the electorate and restore their confidence in this government.

I want all Lagosians to know that the protection of lives and property remains a priority of this administration: to the entrepreneurs whose businesses were looted and vandalised, I urge you to take the helping hand offered by the Lagos State Employment Trust Fund while we work on other interventions to cushion the effect of your losses.

We are in this together, we share the resilient Lagos Spirit, which abhors defeat; we must be intentional about courageously rebuilding Lagos State, which has always been reputed for its political and economic freedom.

Before I delve into the 2021 budget estimate, may I at this juncture crave your indulgence to offer a minute silence in honour of our heroes, our youth and our children, as well as our gallant police officers, who lost their lives during the ENDSARS protests: they lost their lives while trying to make Nigeria a better place, a country we all can be truly proud of. May their souls rest in peace.

Mr Speaker, as we make our financial projections for 2021, it is only appropriate that we contextualise the events and challenges of the past 10 months vis-à-vis the major events that have shaped the world and our country.

Two major events that have shaped our outlook for the future are: the COVID-19 pandemic and the ENDSARS campaign, which with your permission I will now speak to:

THE ENDSARS PROTESTS

We identified with, and continue to identify with, the legitimate objectives of the ENDSARS protests; we are just as passionate about ending police brutality, encouraging reforms in our security agencies, and ensuring that the police are held accountable for their actions.

Unfortunately, in spite of all our best efforts to meet the immediate demands of our youth, and set in action plans to comprehensively address longer-term demands, and despite the original noble ideals of the protest, the protests were very sadly hijacked by the agents of destruction who dealt a great blow to lives, businesses and several strategic assets in our dear State.

The unprecedented damage cost us public and private property worth hundreds of billions of Naira, some being irreplaceable historical artefacts and materials.

Coming in the same year as the Covid-19 pandemic, which I shall touch on shortly, one does not need to be an economist to fully understand the extent of the dire situation Lagos now finds itself in.

Apart from the devastating present and future costs of these substantial disruptions on economic productivity, and on the government’s revenue-generating capacity, there is also the substantial mental and psychological toll on all of us.

We, however, remain focused despite these challenges. This is who we are as Lagosians – we bounce back, we adapt, we thrive, regardless of the circumstances.

As I noted earlier, this Budget I am presenting to you today is taking into full account the challenges we have had, and will outline a path to full fiscal and economic recovery.

It is a document built on the resilience and energy of our people, and also one that seeks to build on the foundation of the many important lessons we have learnt this year, 2020.

Lagos State Governor, Babajide Sanwo-Olu, with others at the Lagos State House of Assembly on November 10, 2020.

 

COVID-19 PANDEMIC

Lagos State has been the epicentre of the COVID-19 pandemic in Nigeria with 21,834 cases, which is 34% of the total number of recorded infections in Nigeria. At the onset of the pandemic, it was clear to us, that given the nature of our import dependent economy, and the impact of the pandemic across the production centres of the world, there would be a negative impact on our economy.

I can, however, state with confidence that we performed better than expected: we recorded only about 18% of expected cases and about 10% of expected fatalities, which can be considered one of the best global outcomes.

Even as we continue to record a steady decline in the number of new infections, we however should not relent in our ongoing containment and management strategy of curbing this scourge.

Barring unforeseen circumstances, we will continue to maintain a strong pandemic response and remain relentless in keeping our numbers at the barest minimum.

Honourable Speaker, permit me to use this opportunity to acknowledge the sacrifices of our frontline workers- from the doctors, to the emergency responders, the nurses, the medical lab technologists, the isolation centres workers and others too numerous to mention.

I must also specially acknowledge the people of Lagos, the Organised Private Sector in Lagos, Non-governmental Organizations and the Federal Government, who significantly collaborated with the Lagos State Government to resolutely fight the pandemic to achieve the current outcome.

Through the joint efforts of all stakeholders, Lagos State mounted a strong multi-faceted pandemic response to minimize the risks of a catastrophic outcome by promoting socio-economic stability during the pandemic.

We setup an Incident Command System to facilitate easy and speedy resource mobilization to manage the outbreak. We reorganised the budget to both acknowledge a 24% reduction in expected revenue (about N240billion) and to increase funds for initiatives to sustain productivity.

We also executed our Business Continuity Plan by creating a war cabinet and emergency business protocols to ensure that governance continues, and to ease community engagement and increase efficiency across the various MDAs.

Ladies and Gentlemen, despite the harsh economic climate occasioned by the Pandemic, I am pleased to report that Lagos State invested heavily in several interventions to minimise the health and economic implications of the pandemic.

Specifically, we:

  1. Accelerated testing capacity by designating 30 Sample collection centres across 20 LGAs, partnering with 11 accredited Private laboratories to reach a testing capacity of 2,000 daily.

We increased our isolation capacity with eight isolation centres and accredited four private hospitals to manage COVID-19 patients. Using 1,000 contact tracers, over 20,000 people were traced in Lagos State with over 900,000 households reached.

  1. In line with our deliberate citizens engagement strategy, we increased the level of proactive communication and collaboration 10 with citizens. We had over 20 status updates, which I delivered as Incident Commander with daily case count updates; as well as containment and management strategies that had been initiated by the State.
  2. We facilitated the first phase of the 6,000 unified fibre duct infrastructure deployment under a PPP initiative to bring high speed broad band internet access to homes, offices and other institutions like schools and hospitals.

I must thank Mr Speaker, Rt. Honourable Mudashiru Obasa, who led the House of Assembly to approve this during the very difficult COVID-19 lockdown. We expect Broad Band Internet access to increasingly drive the way business is conducted as we reimagine our future as a 21st century mega city.

This forms the first part of our smart city initiative, which also includes the installation of 2000 intelligent cameras around critical points of the State; which we firmly believe will go a long way towards mitigating crime; enhancing traffic management and 11 improving on data gathering – all on the back of an improved city wide coordination from our command and control centre.

We have also deployed electronic devices to over 9,000 teachers and 35,000 students. We intend to continue to expand this programme by working with the private sector to reach 20,000 and 1,000,000 devices for teachers and students respectively.

I am pleased to also inform you that we launched EKOTELEMED- the first state-wide telemedicine platform in Nigeria. This is unprecedented and I am proud of this achievement.

The challenge COVID-19 created in social distancing has indeed laid the foundation for Lagos as a Smart City-State with the intention of being the technology hub for Africa, and this will outlast the pandemic.

  1. To boost employment and encourage entrepreneurs, N103billion was invested in infrastructure to signal our faith in the future, provide employment and downstream contracts for MSMEs.

In addition, we extended the tax-filing deadline by 60 days and loan moratorium by 90 days to ease their working capital challenges.

We also committed N4.8billion to enable the LSETF to leverage over N10billion in support to MSMEs with low interest loans.

We also provided 19 job programs to limit layoffs and stimulate growth in high employment sectors. These programs will create over 395,000 jobs within few months by targeting those sectors with the proven ability to create the greatest number of jobs e.g. construction & agriculture.

The average monthly wage for all the jobs is about N55,000, which is greater than the national minimum wage. We have also flagged off the paid internship programme to allow 4,000 young graduates to get work experience.

  1. Lagos state is also home to many vulnerable households who need our support. We set up 202 food distribution centres across all 20 LGAs, ensured over 37,000 Households got packs of raw food and fed over 100,000 indigent youths through the daily food kitchen program.

In addition, we collaborated with the Federal Government to facilitate conditional cash transfers of N136,200,000 to 6,810 vulnerable households.

I am exceptionally proud of the hard work, diligence, sacrifices, and tireless efforts of every member of this Government: their willingness to go above and beyond has put Lagos State on an enviable pedestal.

REVIEW OF THE Y2020 BUDGET

Mr Speaker and honourable members of this house, let me seize this moment to thank you for rising to the occasion by approving the revision of the 2020 budget to accommodate the exigencies of the coronavirus pandemic.

In May, we were compelled to slash our 2020 budget by 21%, in line with new economic realities. The budget was slashed from N1.169 trillion to N920.5 billion.

The Lagos State House of Assembly approved the revised budget in August 2020 with a 10% reduction in recurrent expenditure and a 24% reduction in capital expenditure.

The revised 2020 Budget Appropriation Bill approved by this House has a total revenue of N812.47billion and a deficit financing of N108.01billion. The recurrent expenditure is N413.41billion, while capital expenditure is N507.06billion, making the capital to recurrent ratio 55:45.

As of September 2020, our total Revenue performed at 98% while our total Capital Expenditure and total Recurrent expenditure performed at 71% and 83% respectively.

At the end of the first quarter of 2020, the overall budget performance was 56%; and 57% at the end of the second quarter and rose to 77% by the end of the third quarter.

The trend of our budget performance has been progressively better; we are optimistic about closing the year with a performance level of at least 86% irrespective of the challenges.

Mr. Speaker, I am proud to report to you today that despite the daunting challenges, we have made remarkable progress in all crucial sectors especially Finance, Health, Education, Transportation, Agriculture, and the Environment.

SECTORIAL ACHIEVEMENTS AND PROJECTIONS

We must not forget that the success of this administration is predicated on our ability to generate wealth, without which we cannot take care of our people.

Consequently, we see every challenge as an opportunity to act; and I am proud to tell you that despite the gloomy socio-economic outlook across the world and dwindling oil revenue, Lagos State has made significant fiscal progress.

Finance

We were able to successfully restructure all existing internal loans from an interest rate of 20% to 12%, and in some cases single digit interest rates; resulting in a cumulative cost savings of N12billion: Our debt portfolios will also be held as much as possible in Naira to reduce our foreign currency exposure risk.

Although revenue collection remains a major challenge, we will continue to enjoin Lagosians to pay their correct taxes so that we can all enjoy inclusive development, which is a major thrust of this administration.

On our part, we will assiduously work at improving the tax system through revolutionary reforms that enable easy tax collection and payment.

Another major achievement in the outgoing fiscal cycle is the successful review of the 2018 Land Use Charge Law. The law now accommodates the yearnings of Lagosians for a more friendly, modern and realistic Land Use Charge Law.

We strongly believe that with the new Land Use Charge Law and other complimentary initiatives like the E-GIS, E-Tax and the Lagos State Real Estate Regulatory Authority (LASRERA) Electronic Platform, the sector will be better organised, providing improved service from government to the sector stakeholders and increase the valid revenue to the state from the sector.

Mr Speaker and Honourable Members of the House, in light of keeping the costs of governance low and to signal selflessness in public service, we will be sending a draft executive bill to the House imminently for the repeal of the Public Office Holder (Payment of Pension Law 2007), which provides for payment of pension and other entitlements to former Governors and their Deputies.

It is our firm belief that with dwindling revenues and the appurtenant inflationary growth rates, that we need to come up with innovative ways of keeping the costs of governance at a minimum while engendering a spirit of selflessness in public service.

Health

Quality healthcare remains an important thrust of our administration’s agenda. We are cognizant of the fact that healthy people build healthy economies.

We, therefore, prioritize preventive healthcare while we optimise the supply and the demand aspects of our healthcare services.

I am proud to inform you that in 2019, Lagos State had the highest subnational health spend and even before the coronavirus pandemic.

This year, our health sector had a budgetary allocation of N97 billion, with N25 billion earmarked for the construction, refurbishment and equipping of our Health Care Centres across the State to achieve fit for-purpose healthcare centres.

In tackling the pandemic, we committed additionally, a major chunk of the N20billion COVID-19 intervention fund to the health sector.

I can confidently say that for us in Lagos State, the pandemic has led to significant improvements in our health care facilities and systems.

We expect the health allocation to grow from 12.4% to 13.5% over the next three years especially as we construct more health facilities and renovate existing ones.

Mr Speaker and Honourable Members of the House, I am pleased to report that we have completed the equipping and furnishing of the Maternal and Child Centres at Badagry and Epe, and we are also at present rehabilitating the General Hospitals at Isolo, Ebute-Metta and Harvey Road.

In the vein of our ongoing construction and rehabilitation efforts in the health sector, I must mention that we are also going ahead, this year, with the construction of the New Massey Children’s Hospital, which when completed will be the largest Children’s’ Hospital in the whole of Sub-Saharan Africa.

In addition to this, we will also be flagging off the construction of the Ojo General Hospital, as well as the construction of a state-of-the-art Psychiatric Hospital at Ketu-Ejirin.

We are also equally committed to building the Lagos State Infectious Disease Research Centre, which will be our response to strengthening our infectious disease research and development capabilities.

We have also increased to 205 the number of empanelled health facilities under the Lagos State Health Management Agency (LASHMA) to provide health services under the State Insurance Health Scheme.

In addition, we recruited 760 health workers to boost service delivery in the heath sector.

We are duty-bound to ensure that when Lagosians walk into any government owned health facility, the quality of care they get is comparable to what is obtainable in any standard hospital in developed countries.

Education

Mr Speaker, Lagos State recognizes the transformative potential of education, which is why the education sector remains a major focus of this administration.

Nothing will deter us from committing adequate resources to qualitative education because it is the bedrock of any forward-looking society.

We have revolutionised our education sector with cutting edge technology, constant training of teachers, continuous renovation and construction of schools, and the expansion of our skills acquisition centres.

We recognise that early child education is the foundation of all learning endeavours, in our resolve not to leave any child behind; we launched the EKO EXCEL Programme to improve learning outcomes in our 20children.

As mentioned earlier, with the deployment of the 9000 devices to our schools, we have thus been able to train 9000 teachers while providing complementary textbooks and other ancillary teaching aids for over 350,000 students.

These devices will serve as teaching aids. Under our school digitization program, we will also give our students electronic devices.

I am specifically excited about this programme as it speaks to the future of children and our state.

In addition to this, we have constructed and rehabilitated a total of 589 classrooms and a cumulative total of 1,568 bed hostels in our secondary and primary schools.

We have also provided furniture for about 220,000 students. It is a fact that for many indigent families, education is their only hope; it is more or less, the only lifeline with which they can be lifted out of poverty, and they hold tenaciously to their belief in the State Government to provide their children with both qualitative and quantitative education.

We are, therefore, saddled with the responsibility of creating better opportunities for our children through the provision of quantitative and 21 qualitative education that truly liberates and eventually leads to economic development.

Let me assure you that our investments in the education sector have begun to yield results. In the 2020 National Junior Engineers, Technicians and Scientist (JETS) Competition; the State Contingent (Male & Female Students) received 11 trophies and 14 medals.

Also, Lagos State emerged the overall best at the National Finals of the National Robot Olympiad in September 2019 and thereafter, qualified to represent Nigeria at the World Robot Olympiad held in Edutus, Hungary: the Lagos team emerged 2nd, 3rd, and 4th in Africa.

I am also pleased to mention that just last month, our very own Oriwu Senior Secondary School Ikorodu emerged the overall best School in the Federation.

Our tertiary institutions are not left out as the Lagos State University Ojo (LASU) emerged the 2nd best Nigerian university in The Times Higher Education (THE) World University Ranking for 2021, and the first among state and private universities in Nigeria.

From cradle to career, our approach to education is predicated on boosting learning through technology and other modern pedagogical tools.

In the last 500 days, this administration has renovated over 20 libraries and information technology centres across the state’s six education districts: we have also trained over 100,000 students in coding through CODE Lagos: a program that covers 656 public and private schools in the state.

Our education policies and interventions reflect our current realities, which is why we are the first state in the country to approve the E-learning infrastructure for state-owned tertiary institutions- to mitigate the effect of the pandemic on our students’ access to education.

With N253m already disbursed as bursary award for 8,246 beneficiaries and N190m as scholarship awards to 845 beneficiaries, we are set to do more in ensuring that nothing deters our people from access to good education.

Transportation and Infrastructure

Mr Speaker, our audacious disposition to governance is evident in our approach to transportation and traffic management, which is the first pillar of this administration’s overarching THEMEs Agenda.

In line with this, we made the decision to resolve 60 identified gridlock points across the state in addition to converting six critical junctions and roundabouts (Ikotun, Opebi and the series on the Lekki Epe Express Way) to synchronized signalization to increase vehicular capacity.

We are also commencing some strategic transportation projects: We have now reached financial close for the Red Line Railway Project under a long-term bespoke best-in-class financing structure for about N100billion at a single digit interest rate.

This 24km rail line from Agbado to Oyingbo will reach Marina in its second phase. When completed, it will have eight train stations, 10 bridges and 13 pedestrian bridges. It will move 22.5million people monthly and reduce their travel time from about two hours to 45 minutes.

We are also determined to complete the 27km Blue Line from Okoko to Marina, which upon completion will have the same effect on travel time like the Red Line and move 12 million passengers monthly.

Some of our other strategic transportation projects include the Regional Road, which is an 8.6km three-lane-dual rigid pavement road with two bridges at Victoria Garden City and Ikota, and the Ibeju-Lekki Epe Express Way from Eleko junction, which is an 18.75km three- lane dual rigid pavement road. Both roads will be tolled for securitisation.

We also expect these two roads to completely ease traffic in the Lekki-Epe corridor, which will result in improved productivity for businesses operating in those corridors.

Honourable Members of the House, let me assure you all that we have continued to deliver on our various other road projects across the state, despite the slowdown occasioned by the pandemic. For example, under our urban regeneration projects in Ikoyi, Victoria Island, Ikeja and Kosofe, we are undertaking 17 critical road projects covering over 24km.

Just to mention a few, this includes roads like: Thompson Avenue in Ikoyi, Adeyemo Alakija in Victoria Island, Sobo Arobiodu, in GRA Ikeja and Demuren Street in Kosofe.

We are also constructing and rehabilitating other major roads and infrastructural projects across the state which include but are not limited to:

Ijede, Agric Isawo and Oba Sekumade roads all within the Ikorodu axis;

Isuti road, Igando/Egan/ Ayoba road phase 2 & 3 (i.e. the bridge) in Alimosho axis;

Pen Cinema flyover, which is nearing completion at Agege;

Iwaya and St. Finbarrs roads – Abule Okuta and Soluyi roads all within the Somolu axis;

Arabagun Imeke Mowo road to connect Lagos Badagry express way in the Badagry axis; and

Public Works Corporation, (PWC), has also completed a total of 157 road interventions across the State.

Lagos State Governor, Babajide Sanwo-Olu, speaks during a budget presentation ceremony held at the legislative chamber of the Lagos State House of Assembly on November 10, 2020.

 

Agriculture and Food Security

One of the major takeaways from the coronavirus pandemic is the need to enhance food security by exploring the possibilities in the agricultural sector.

We now have the ambitious goal of turning our state 25 in GRA Ikeja and Demuren Street in Kosofe. We are also constructing and rehabilitating other major roads and infrastructural projects across the state which include but are not limited to:

Ijede, Agric Isawo and Oba Sekumade roads all within the Ikorodu axis;

Isuti road, Igando/Egan/ Ayoba road phase 2 & 3 (i.e. the bridge) in Alimosho axis;

Pen Cinema flyover, which is nearing completion at Agege;

Iwaya and St. Finbarrs roads – Abule Okuta and Soluyi roads all within the Somolu axis;

Arabagun Imeke Mowo road to connect Lagos Badagry express way in the Badagry axis; and

Public Works Corporation, (PWC), has also completed a total of 157 road interventions across the State.

Agriculture and Food Security

One of the major takeaways from the coronavirus pandemic is the need to enhance food security by exploring the possibilities in the agricultural sector.

We now have the ambitious goal of turning our state to the food basket of the region, while at the same time creating employment opportunities for Lagosians, especially our teeming youths.

The time has come for us to generate increased wealth from our fecund land and coastal heritage. Some of our interventions in the agricultural sector will include:

The launch of our strategic agricultural five-year master plan, which lays out the set of initiatives and plans that will propel Lagos State into a national agricultural powerhouse.

The establishment of the Lagos State Aquatic Centre of Excellence (LACE) under a PPP framework.

This will boost fish production from 20% to 80% and provide employment for over 12,000 fish farmers both directly and indirectly when in full operation.

The completion of the Imota Rice Mill, which is being funded through the CBN ₦8Bn concessionary loan. Upon completion, the rice mill will create over 250,000 direct and indirect jobs.

The completion of the Lagos Food Production Centre Avia, Igborosu Badagry and other state-wide agriculture focused initiatives which together will produce 100,000 jobs both directly and indirectly, and;

The initiation of a methodical food market policy that supports wholesale food markets. This policy will create pathways for increased investment in the supply chain and make our markets better organised.

We encourage potential and established stakeholders in the agricultural sector to partner with us. Agriculture is a critical component of socio-economic growth and development: Lagos State is ready and willing to tap and harness the benefits of the sector.

PROPOSED Y2021 BUDGET

Mr Speaker, we have tagged the 2021 Appropriation Bill the “BUDGET OF REKINDLED HOPE to reflect our determination to rise above the challenges that have affected our development indices in the last 10 months.

This Budget of Rekindled Hope demonstrates our willingness to overcome all obstacles and deliver all electoral promises to Lagosians.

Let me assure you that we have not deviated from the promises we made when this administration was inaugurated on May 29, 2019. We will fulfil each of those promises; we have a special responsibility to deliver every of our campaign promises:

I urge Lagosians to tenaciously keep hope alive as we forge ahead with the plans, programs and projects designed to achieve the Lagos of our Dreams.

As we go into the Year 2021, the Budget of Rekindled Hope reflects the continued execution of the THEMES agenda, which is just as relevant as it has always been.

This was the agenda the people voted for, and continue to affirm through the consultative fora and civic engagements undertaken throughout the budget process; including that held by this Honourable House on the 29th day of October 2020 with their various constituencies.

The Coronavirus Pandemic and ENDSARS protests have only heightened the need to urgently implement the various programs under the THEMES agenda.

This 2021 budget will among other things provide for:

Youth employment: It has become expedient to leverage our developmental efforts by focusing on sectors with job creating potential like Agriculture, Construction, Technology and Security.

We are set to improve the economic conditions and social safety needed for our youth and all hardworking Lagosians to flourish.

We are committing resources to sectors that need to grow for our people to become self-reliant and economically empowered.

Consequently, for the agricultural sector, our food security plan has a cumulative budget of N22.21billion while we are committing a cumulative budgetary provision of N311.43billion to infrastructure: this will cover direct intervention through the Ministries of Works and Infrastructure, Water front, Transportation, the Judiciary, our Schools and Seed Capital of N15billion for The Rebuild Lagos Trust Fund.

This does not include the value to be created from executing the rail lines (both Red and Blue) recently approved by the Lagos State House of Assembly.

To continue to drive our digitisation strategy, we have committed a total of N37.37billion investment in technology, while in the environment and health services we have committed a total of N48.28billion and N111.94billion respectively.

In line with our urgent need to light up Lagos we will begin a set of initiatives in the energy sector to ensure the Lagos economy is supported by power one community at a time.

To this we have committed a total of N32.58billion in the 2021 budget.

The 2021 Appropriation Bill also speaks to the restoration of economic balance as we navigate our way out of the negative impact of both the pandemic and the destruction of public assets following the ENDSARS protest hijack.

A pivotal crux of the 2021 budget will be the promotion of an entrepreneurial culture among our people. In light of this, micro, small and medium enterprises will be strengthened because their activities help to facilitate socio-economic advancement.

We have done a lot to support the entrepreneurs in Lagos state through the LSETF and we will do more by providing technical and financial support so that they can in turn generate employment that will stimulate equitable economic prosperity.

We understand that we must consolidate our gains in the technology sector for accelerated economic growth and job creation.

In order to achieve this, we will collaborate with major players in that space like Oracle, Microsoft and Google to prepare our youths for the IT job market.

As we focus on job and wealth creation, we will also prioritise the security of lives and property as well as local intelligence gathering in our communities by increasing significantly the number of our Neighbourhood Watch Officers over the next two years.

All these will be achieved through our human development MDAs comprising the Ministries of Education, Women Affairs and Poverty Alleviation, Wealth Creation, (including LSETF) and SDGI.

Consequently, the cumulative budgetary provision towards Human capital development effort from these MDAs total’s N148.57billion.

Security: As we work on reviving the growth of our economy, we must commit resources to our state-wide security architecture especially in the areas of intelligence gathering and the motivation of all security personnel in the Neighbourhood Watch.

We will not just increase the size of the Neighbourhood Watch personnel across the state, we will henceforth ensure their training includes community engagement, de-escalation techniques, and proactive information gathering within communities.

We believe that as the population of Lagos State increases and becomes more sophisticated, so should the training of our security personnel; to cope with extant challenges. I must thank the private sector, which has continued to demonstrate great support for the Lagos State Security Trust Fund.

However, we still have a long way to go and we need more contributions to the fund to properly execute the war against crime and insecurity.

In addition, we will henceforth enforce LASRRA registration as well as our safety and physical planning rules.

It has become imperative that we are able to identify every resident of our dear state: the idea of being anonymous in Lagos will no longer be accommodated.

Youth Engagement and Social Works: the possibilities for economic and social growth abound in our state. However, we must be emphatic about engaging our youth.

As a father, politician, and governor, I am saddened by the increasing rise of substance abuse among our youth, particularly the boys.

Our developmental vision would be incomplete without a vibrant, capable, and healthy youth population to take the baton of leadership when we leave the scene.

Mr Speaker, this Government has, therefore, made it its prerogative to increase its financial commitment to youth mentoring, mental health support, and substance abuse rehabilitation.

Very soon, we will unveil our comprehensive action plan to address this issue. The initiative is being driven by the Neighbourhood Watch, The Ministry of Youth and Social Development and the Office of Civic Engagement.

Our approach will entail a robust communication strategy that will highlight government’s projects and initiatives in a format that is easy to digest by our youths: our intention is cultivate their trust and get them to embrace participatory governance.

We must do all we can to deter them from cybercrime and other vices. Consequently, there is a proposed allocation of N9.16billion in the 2021 Budget.

Mr Speaker, the sector by sector analysis of the proposed 2021budget is as follows:

In summary, Mr Speaker, here are the highlights of the 2021 budget proposal:

S/N FUNCTION GROUP Y2021 BUDGET ALLOCATION (N)

1 General Public Services 136,278,189,622.39

i Science and Technology 28,272,741,669.00

ii Other General Public Services 108,005,447,953.39

2 Public Order and Safety 32,757,159,406.85

3 Economic Affairs 381,852,747,856.72

i Agriculture 18,311,948,584.57

ii Commerce 41,989,851,318.18

iii Tourism, Art & culture 6,012,710,830.00

iv Energy and Mineral Resources 32,585,739,585.09

v Transportation 98,931,628,325.88

vi Infrastructure – Works Family 172,238,545,968.00

vii Waterfront 11,782,323,245.00

4 Environment 50,934,105,592.09

i Drainage 11,936,556,866.00

ii Other Environmental Services 38,997,548,726.09

5 Housing and Community Amenities 40,280,489,878.68

6 Health 118,360,479,650.50

7 Recreation, Culture and Religion 5,170,065,144.74

8 Education 143,655,493,855.89

9 Social Protection 9,156,091,555.64

STATEWIDE

10 Contingency Reserve (Including Special Expenditure – state-wide and Special Expenditure -Others) 20,554,523,753.69

11 Loans (Repayments, CDSA & Debt Servicing) 166,215,862,798.26

12 Personnel Cost (State-wide – Pension etc) 49,807,203,890.38

13 Grants & Counterpact Fund

TOTAL 1,155,022,413,005.82

FISCAL ITEMS Y2021 PROPOSED BUDGET

N’M

A TOTAL REVENUE 962,528

B TOTAL INTERNALLY GENERATED REVENUE 795,744

i INTERNALLY GENERATED REVENUE 732,659

ii CAPITAL RECEIPTS 63,085

iii FEDERAL TRANSFER 166,784

C RECURRENT EXPENDITURE (DEBT AND NON-DEBT) 451,750

i RECURRENT DEBT 35,287

ii RECURRENT NON DEBT 416,463

  1. a) Total personnel cost 174,745
  2. b) Total overhead 241,718

D SURPLUS/(DEFICIT) ON CRF 510,778

E TOTAL CAPITAL EXPENDITURE 703,272

F CAPITAL EXPENDITURE 572,344

G REPAYMENT 130,929

H TOTAL EXPENDITURE (BUDGET SIZE) 1,155,022

I FINANCING SURPLUS/(DEFICIT) (192,495)

J DEFICIT FUNDING SOURCES 192,495

i EXTERNAL LOANS: 37,255

ii INTERNAL LOANS 55,240

iii BOND ISSUANCE 100,000

I assure this Honourable House of my administration’s firm commitment to a legacy of hope, financial stability, and fiscal prudence.

We will reduce the discriminatory impact of poverty by strengthening all regulatory and institutional frameworks that are crucial to the preservation of our state’s rich cultural, financial, and historical heritage.

We have resolved to keep exploring Public-Private-Partnership strategies in the provision of infrastructure, social services and the conversion of our challenges to opportunities within the context of scarce financial resources.

Let me reiterate our incessant call for Lagos State to be given a special status as the nation’s commercial nerve centre. I don’t think we are asking for too much going by our huge population and contribution to national prosperity.

According Lagos State a special status will improve our efficiency in managing some of the infrastructure that service the national economy.

This is the heart of Nigeria’s economy; every investment in the infrastructure of Lagos is an investment in rapid economic growth for Nigeria.

I am grateful to the organized private sector for always responding to our call for partnership: they have shown uncommon support for our government, and their commitment to civic engagement is unparalleled.

The same goes for all the security agencies – they are always there when we need them. Thank you.

Let me also thank all workers in our Ministries, Departments and Agencies for identifying with our vision and working hard to achieve our set objectives.

We have made considerable progress, but we are not where we want to be yet. There is still so much work to be done and this is not the time to rest on our oars. I urge you to avoid complacency;  you must remember that we all have the collective task of implementing public sector reforms for more efficient and qualitative service delivery.

I urge you to imbibe the values of transparency, integrity and accountability as we invest in trainings that put you at par with others in developed countries.

You owe Lagos State the responsibility of acquiring the skills and attitudes needed to advance public interests.

I am grateful to the organized private sector for always responding to our call for partnership: they have shown uncommon support for our government, and their commitment to civic engagement is unparalleled.

The same goes for all the security agencies – they are always there when we need them. Thank you.

Let me also thank all workers in our Ministries, Departments and Agencies for identifying with our vision and working hard to achieve our set objectives.

We have made considerable progress, but we are not where we want to be yet. There is still so much work to be done and this is not the time to rest on our oars. I urge you to avoid complacency; you must remember that we all have the collective task of implementing public sector reforms for more efficient and qualitative service delivery.

I urge you to imbibe the values of transparency, integrity and accountability as we invest in trainings that put you at par with others in developed countries.

You owe Lagos State the responsibility of acquiring the skills and attitudes needed to advance public interests.

I appreciate all the Honourable Members of this House for your support, patience and cooperation. Your words and actions are truly above the common standards of excellence.

Thank you for being responsive to the needs of your constituents: I hope we remain united as we work to justify the confidence reposed in us by Lagosians.

I thank the leadership and teeming members of the All Progressives Congress and our Royal Fathers for their unflinching support, unwavering trust, and patience.

I am confident that we will accomplish more together as we go into 2021.

I am grateful to the people of Lagos State for the opportunity and privilege to serve. I know this is a position of trust. I assure you that we will intensify the pace of our work in the coming days to improve and add value to your lives.

I urge you all to work with our government as we consolidate the gains of the past and confront the challenges of the future.

Our valued reputation, economic independence and treasured heritage are priceless values that we must strive to protect.

We understand your needs and we have no business being in government if we cannot advance your interests through people-centred projects and strategies.

I promise to be there for you at all times, to actualise your hopes in this government while counting on you to play your role as needed.

When we started last year, we took time to fully comprehend our challenges and your needs in order to articulate efficient strategies.

I am glad that in just 17 months, our multi-pronged approach to governance has yielded transformative achievements in the areas of massive road construction, housing projects, jetties, boat and waterways improvement, standard health facilities, human and capacity development as well as efficient service delivery.

We will not rest on our laurels as we maximize this privilege and unique opportunity to actualize the immense potential of our State and launch her on the part of irreversible prosperity for the benefit of our people.

Mr. Speaker, as I commend the 2021 Budget Estimates to the House of Assembly, I am confident that you and your colleagues will in your usual style expeditiously do the needful.

On our part, our progressive vision for 2021 remains clear: providing honest, innovative, creative, sacrificial, courageous and audacious leadership needed to actualize the clean, beautiful, secure and prosperous Lagos of our dreams.

Thank you.

God bless you.

Long live Lagos State.

Long live Nigeria.

Igbega Ipinle Eko Ajumose ni

Governor Ayade Proposes N277bn Budget For 2021

 

Cross River State governor, Professor Ben Ayade on Thursday presented the 2021 appropriation bill to the State House of Assembly.

Tagged Budget of ‘Blush and Bliss’, the budget has a total estimate of N277 billion.

The sum of N192,511,985,550 representing 67 percent of the entire budget is earmarked for recurrent expenditure while N88,196,500 representing 33 percent is for capital expenditure.

The governor explained that due to the cumulative impact of the disasters that characterised the year 2020, 67 percent of the budget goes for recurrent expenditure.

This according to Ayade is set aside to meet the immediate and physical needs of Cross River residents in the aftermath of the COVID-19 and #EndSARS aftermath

“I decided along with my executive council after due consultation that the budget of this year will focus more on the humanitarian perspective.

“We have decided to shift focus from infrastructure, from big projects and refocus on the people.

“So this is the people’s budget. This budget takes care of unemployment, takes care of the issues of security consistent with the provisions of the Constitution in section 14 sub Section 2,” the governor said during the presentation.

He said further that “we have decided to focus so much on Agriculture, youth Employment, Social housing, and youth skill development.”

The budget has a provision for the establishment of Neighbourhood Security Watch which is aimed at dealing with the issues of neighborhood protection and create employment for youths.

Explaining the reason for the title of the budget, Ayade said: “Blush because we are going through a situation where our face is red and in pain, it is blush because we are coming away from our big dreams of kinetic crystallization, from our Olimpotic Agenda and reducing ourselves to a consumptive effort just to reflect the mood of the times.”

He also condoled with residents of Cross River who in the course of the recent arson and vandalism in the state suffered any form of loss.

2021 Appropriation Bill Passes Second Reading

A file photo of lawmakers during plenary at the House of Representatives Chamber in Abuja.

 

The 2021 Appropriation Bill has scaled the second reading in the House of Representatives, following the conclusion of debate on its general principles.

During the debate on Wednesday, several members commended and condemned various proposals in the bill.

While some lawmakers said some provisions were inadequate to meet the demands of their constituents, others commended the government for releasing over 50 per cent of the 2020 capital budget.

In his contribution, a member, Nicholas Ossai, described the bill as “a budget of hardship” and not ‘A Budget of Economic Recovery and Resilience’ as the President Muhammadu Buhari administration named it.

“We are servicing debt in the 2020 budget with almost N3.5tn and the 2021 budget with about N4.2tn. Is that a budget of recovery or hardship?” he said.

“A lot of people have described this appropriation bill as a bill of recovery and the future. But to me, after X-raying the document, including the projected revenue and the money that has been budgeted for, I see it as a budget of hardship; a budget of hardship because the projected revenue is N7.8tn while the actual budget estimate is N13.08tn. If you minus that, we are having a deficit of almost 50 per cent.”

The Speaker, Femi Gbajabiamila, after the second reading, transmitted the money bill to the House Committee on Appropriations, with the standing committees of the House serving as sub-committees.

The Ministries, Departments and Agencies of the Federal Government are expected to appear before relevant committees to defend their proposals in the budget.

This comes a week after President Buhari proposed the total sum of N13.08 trillion of which N485 billion is for statutory transfers; N3.3 trillion is for debt service; N5.7 trillion is for recurrent (non-debt) expenditure, while the sum of N3.6 trillion is for contribution to the development fund for capital expenditure for the year ending December 31, 2021.